2020 Bulkers Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 16, 2023 at 04:11 am EDT
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2020 Bulkers Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 16.8 million compared to USD 22.8 million a year ago. Revenue was USD 17.1 million compared to USD 23.3 million a year ago. Net income was USD 4.8 million compared to USD 12 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.53 a year ago.
For the six months, sales was USD 29 million compared to USD 39.5 million a year ago. Revenue was USD 29.7 million compared to USD 40.1 million a year ago. Net income was USD 5.6 million compared to USD 17.9 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.79 a year ago.
2020 Bulkers Ltd. is a Bermuda-based owner and operator of large dry bulk vessels. The Company operates a fleet of approximately eight scrubbers fitted with approximately 208,000 deadweight tonnage (DWT) Newcastlemax dry bulk carriers. The Companyâs fleets include Bulk Sandefjord, Bulk Santiago, Bulk Seoul, Bulk Shanghai, Bulk Shenzhen, Bulk Sydney, Bulk Sao Paulo, and Bulk Santos.
2020 BULKERS LTD. 
